HanseMerkur Grundvermögen AG acquires residential project development in the Neckar.Au district in Rottenburg am Neckar from Instone Real Estate

• The “Neckar.Living” project comprises four residential buildings with KfW 55 standards and 48 apartments
• Fourth property for the HMG Grundwerte Wohnen PLUS III
• Instone is realizing around 400 apartments in the overall “Neckar.Au Viertel” project

HanseMerkur Grundvermögen AG (HMG) has acquired a residential project development in the Neckar.Au district in Yalovastraße in Rottenburg am Neckar for the open special AIF HMG Grundwerte Wohnen PLUS III. Of the approx. 4,100 m² rental space, 48 one to four-room apartments with 43 m² to 95 m² of living space are being built. Of these, 13 apartments will be publicly funded. In addition, around 570 m² of commercial space and an underground car park with 71 parking spaces for cars and 69 bicycles are planned, which will be shared with the neighboring building. The completion of the four residential buildings built in accordance with the KfW 55 energy efficiency house standard is planned for the first quarter of 2024. The seller is the residential developer Instone Real Estate, which is realizing a total of around 400 apartments on five building plots in the Neckar.Au district. The parties have agreed not to disclose the purchase price.

Henning Schneider, Investment Manager at HMG, explains: “The Neckar.Au district will be a sustainable and livable quarter with modern apartments and lots of green outdoor areas.” The connection to local public transport is also very good. “The way to Tübingen can be done quickly and easily by train, car and even by bike,” adds Schneider. This is an important criterion for commuters. Tübingen can be reached in around ten minutes by car from the regional train station, which is within walking distance. In the course of the planning for the Neckar-Alb regional light rail, a stop at the level of the quarter is planned. A cycle expressway between Rottenburg and Tübingen is also planned.

Bianca Reinhardt Weith, COO South Instone Real Estate, adds: “The early sale of ‘Neckar.Living’ underlines the high quality of living and location of the project with its future-oriented, site-specific concept. We look forward to a good, partnership-based cooperation with HanseMerkur Grundbesitz AG. ”

The HMG Grundwerte Wohnen PLUS III fund plans a fund volume of around EUR 400 million and a target dividend yield of 3 to 3.25 percent per year. The project development in Rottenburg am Neckar is with the iLive in Stuttgart, YOURS. in Hamburg and Green Valley in Bad Vilbel the fourth purchase for the HMG fund.

Images are available for download at www.hansemerkur.de/unternehmen/presse.

About HanseMerkur Grundbesitz AG

HMG is an asset and investment manager specializing in the German real estate market. It stands for long-term oriented real estate investment products and holistic real estate management. Fairness, trust and reliability determine how we deal with customers, business partners and employees.

HMG offers institutional investors participation opportunities for investment solutions with a sectoral or regional focus. HanseMerkur is invested permanently and significantly. This underlines the sustainable investment perspective of the products and ensures a congruence of interests between investors and managers. So far, more than 50 institutional investors have entered into a partnership on an equal footing with HMG.

HMG has proven that it can secure attractive properties early on and manage them in the long term. Around 100 experienced real estate specialists in the areas of asset and portfolio management, investment, leasing, financing and investment management, controlling and law look after the real estate and funds together, efficiently and holistically.

HMG is currently responsible for real estate assets (including real estate financing) of around EUR 4.8 billion.